Concept:
Consumerism refers to the movement aimed at protecting consumer rights and promoting fair trade practices.
Step 1: Origin of the term.
The term “consumerism” began to be widely used around the 1960s with the rise of consumer protection movements.
Step 2: Historical context.
During this period, awareness about consumer rights, product safety, and fair pricing increased significantly.
Step 3: Evaluating options.
- 1934 $\rightarrow$ Too early (incorrect)
- 1960 $\rightarrow$ Correct period of emergence
- 1958 $\rightarrow$ Close but not standard answer (incorrect)
- 1957 $\rightarrow$ Incorrect
Step 4: Conclusion.
Thus, the term consumerism came into existence around 1960.